Home Depot reunites with HD Supply in deal valued at $8B
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November 15, 2020
Home Depot is reuniting with former subsidiary HD Supply, buying the company in a deal valued at about $8 billion.
The acquisition will give Home Depot a stronger hand in the contractor and professional side of its business, which is booming during the pandemic, just like its more consumer facing, DIY sales.
HD Supply is a distributor of maintenance, repair and operations products in the multifamily and hospitality markets. Home Depot initially bought HD Supply in 1997, but sold it in 2007 when began to focus more on its retail operations.
Home Depot Chairman and CEO Craig Menear said in a pre...
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